Private Advisor Group LLC Acquires 55,322 Shares of Invesco NASDAQ 100 ETF $QQQM

Private Advisor Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 830,262 shares of the company’s stock after buying an additional 55,322 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 1.0% of Private Advisor Group LLC’s investment portfolio, making the stock its 13th biggest holding. Private Advisor Group LLC owned about 0.32% of Invesco NASDAQ 100 ETF worth $205,174,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of QQQM. Jackson Hole Capital Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $26,000. New Millennium Group LLC boosted its position in Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at about $28,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $246.97 on Monday. The company has a market capitalization of $70.84 billion, a PE ratio of 31.95 and a beta of 1.16. The company has a 50-day simple moving average of $253.05 and a two-hundred day simple moving average of $250.22. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

About Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.